Search results

I just posted it to make a point that whatever long term uptrend B1 was going on about is currently in a downtrend :)

All above is correct. I'm risking 2units on this bet to gain 5. Slightly below my usual x3 reward.

Both SL & targets on chart.

I have ;)

GBP/USD, didn't post in this journal, but holding based on longer term bounce.

USD/RUB, same as in Naz, support zone established and bouncing, holding.

NAZ, bouncing nicely from established support zone. Holding.

Current trade reviews. EUR/USD, looks more like a H&s now, which is good for my short. Holding.

I'm holding onto Naz bet.

He stated - long term, oil in an uptrend. Who cares what it did in 2008 or maybe what it did since 1965, I ain't holding that long, neither would B1S2, so what relevance does it have to shorter holding periods? None. I have completely abandoned making decisions based on timed charts (monthly...

Looking good.

QE is here to stay IMHO. No idea regarding IR.

The more I study charts the more I believe that time frame based charting is completely irrelevant. Price travels between levels in constant search of interest & that's that. Trade levels, not time.

I cope with losses by always making sure each trade's risk stays the same, same goes for targets (at least x3 risk). I never have situations that my gain is disproportionate to my average loss (negative ratio).

As another poster has suggested if your outlook on oil is macro based, then might as well position with stop being substantially lower & hold. Secondly, monthly may close below 39, yet quarterly may close above it, then what? Monthly bar has previously closed below 39, proceeded to previous...

What I don't understand is that all your losses seem to vary in % relation to your trading capital, I always commit very similar % of risk. I sense that the Achilles Heel here is variance in your sizing, whenever you commit 10 lots it could win as well as lose, likewise whenever you commit 30...

No, you are not. As I said earlier, you seem to have forgotten how to evaluate trends.

I don't believe he is trying to establish position trades.

Maybe, but it's not a definitive sign, what's more important, to me, is continuous bounces=buying interest, then u just hope & hold.

This thing is going up ;)